Exit Is Now - Plan Accordingly With Scott Snider From History To Impact: The Role Of Advisors In Community Development
Jul 6, 2023
Michael Sheppard, a Certified Financial Planner and community educator, discusses his unique journey from engineering to financial advisory. He emphasizes the importance of community involvement and fostering financial literacy in youth, particularly in inner-city schools. The conversation touches on the low representation of Black CFPs and the need for diversity in finance. Michael also shares insights on emotional support for business owners during exits and advocates for early financial education in schools to prepare future entrepreneurs.
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Design Intention Drives Diversity And Growth
- Leading with fee-based planning and reflecting client demographics differentiates a firm.
- Purposeful design, not default practices, produces diverse and scalable teams.
Use Education As Crisis Response
- Double down on education during crises to build trust and add value.
- Offer frequent, clear guidance and virtual access so clients feel supported when markets and routines break.
Office Visits That Plant Career Seeds
- Michael Sheppard regularly hosted inner-city school groups in his office to inspire career ideas and confidence.
- He fed students, let them explore the office, and gave wristbands that said “believe you can and dream big.”
